Estate Attorney Explains What Happens to Debt When You Die
Автор: Strohmeyer Law PLLC
Загружено: 2021-06-18
Просмотров: 25045
You can't take it with you, right? Debt just disappears when you die, and your family gets all your stuff, scott-free! Sadly, it doesn't work like that. Board Certified Tax & Estate Attorney John Strohmeyer is here to explain what really happens.
Your debt still exists, and your estate's assets can or will be used to pay them off. There are some immediate concessions for surviving spouses and family members before we get to the debts. Then there's a set hierarchy of which creditors get paid first, under what conditions, and in what proportion. It's a somewhat complicated set of rules, but John is here to make it simple and easy to understand.
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Strohmeyer Law is a law firm based in Houston, Texas, specializing in tax law, estate planning, and probate law.
Nothing in this video is specific legal advice for you. Watching or commenting on this video doesn't create an attorney-client relationship.
For more information, visit: https://www.strohmeyerlaw.com
Instagram: www.instagram.com/strohmeyerlawpllc/
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